Monday December 1, 2025

Nigeria Introduces System to Boost Forex Market Transparency

Nigeria Introduces System to Boost Forex Market Transparency

by Terence Zimwara October 5, 2024 1 min read

(Originally posted on : Bitcoin News )

The Central Bank of Nigeria (CBN) is launching a new electronic system (EFEMS) to improve transparency in the foreign exchange market. This comes as the Nigerian currency weakens. Authorized dealers must comply with existing regulations and complete necessary preparations before using EFEMS. Enhancing Transparency in the Foreign Exchange Market The Central Bank of Nigeria (CBN) […]

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